Sea (NYSE: SE) CCO sells 1,600 shares via Rule 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sea Ltd chief commercial officer and general counsel Yanjun Wang reported indirect open-market sales of 1,600 Class A ordinary shares on April 8–9, 2026. The shares were sold by a BVI entity controlled by Wang under a pre-arranged Rule 10b5-1 trading plan, and the entity held 25,200 shares afterward, while Wang also held 1,222,842 shares directly.
Positive
- None.
Negative
- None.
Insights
Pre-planned, small insider sale with large remaining stake.
Sea Ltd's CCO and GC, Yanjun Wang, oversaw indirect open-market sales of 1,600 Class A shares via a BVI entity on April 8–9, 2026. Reported sale prices ranged from about $82.98 to $89.36 per share.
The filing states the trades were executed under a pre-arranged Rule 10b5-1 trading plan adopted by the BVI entity controlled by Wang. Such plans are typically set up in advance, so the timing of individual trades provides limited insight into management's short-term view.
After these transactions, the BVI entity held 25,200 shares and Wang also held 1,222,842 shares directly, indicating that the sale covered only a small fraction of his disclosed holdings. The filing shows no derivative exercises, gifts, or tax-withholding events, suggesting this was a routine, modest liquidity move.
Insider Trade Summary 10b5-1
Net Seller: 1,600 shares ($136,640)
Net Sell
8 txns
Insider
Wang Yanjun
Role
CCO and GC
Sold
1,600 shs ($137K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A ordinary shares | 195 | $82.98 | $16K |
| Sale | Class A ordinary shares | 138 | $84.06 | $12K |
| Sale | Class A ordinary shares | 467 | $84.71 | $40K |
| Sale | Class A ordinary shares | 425 | $85.94 | $37K |
| Sale | Class A ordinary shares | 291 | $87.13 | $25K |
| Sale | Class A ordinary shares | 75 | $88.21 | $7K |
| Sale | Class A ordinary shares | 9 | $89.36 | $804.24 |
| holding | Class A ordinary shares | -- | -- | -- |
Holdings After Transaction:
Class A ordinary shares — 25,805 shares (Indirect, By BVI entity);
Class A ordinary shares — 1,222,842 shares (Direct)
Footnotes (1)
- The shares were sold pursuant to a Rule 10b5-1 trading plan adopted by a BVI entity controlled by the Reporting Person on September 4, 2025. Represents the weighted average price of shares sold at prices that ranged from $85.64 to $86.63. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares sold at each separate price within the ranges set forth in this Form 4. Represents the weighted average price of shares sold at prices that ranged from $86.64 to $87.63. Represents the weighted average price of shares sold at prices that ranged from $87.73 to $88.52. Represents the weighted average price of shares sold at prices that ranged from $88.99 to $89.55. Represents the weighted average price of shares sold at prices that ranged from $82.48 to $83.46. Represents the weighted average price of shares sold at prices that ranged from $83.51 to $84.47. Represents the weighted average price of shares sold at prices that ranged from $84.48 to $85.30.
Key Figures
Shares sold: 1,600 shares
Sale price example: $82.98 per share
Sale price example: $89.36 per share
+3 more
6 metrics
Shares sold
1,600 shares
Open-market sales on April 8–9, 2026
Sale price example
$82.98 per share
Open-market sale on April 9, 2026
Sale price example
$89.36 per share
Open-market sale on April 8, 2026
Indirect holdings after
25,200 shares
BVI entity controlled by Wang after sales
Direct holdings after
1,222,842 shares
Directly held Class A ordinary shares as of April 8, 2026
Sell transactions
7 sales
Non-derivative open-market sales reported in Form 4
Key Terms
Rule 10b5-1 trading plan, Class A ordinary shares, weighted average price, BVI entity, +1 more
5 terms
Rule 10b5-1 trading plan regulatory
"The shares were sold pursuant to a Rule 10b5-1 trading plan adopted by a BVI entity..."
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
weighted average price financial
"Represents the weighted average price of shares sold at prices that ranged from..."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
BVI entity financial
"The shares were sold pursuant to a Rule 10b5-1 trading plan adopted by a BVI entity..."
open-market sale financial
"transaction_action: open-market sale for each sale transaction"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
FAQ
At what prices did the Sea Ltd (SE) insider sales occur?
Reported sale prices ranged from about $82.98 to $89.36 per Class A share. The filing discloses specific transaction prices plus weighted average prices across ranges, with additional detail available on request to the SEC staff, the issuer, or its shareholders.
Were the Sea Ltd (SE) insider sales made under a Rule 10b5-1 trading plan?
Yes. The filing states the shares were sold pursuant to a Rule 10b5-1 trading plan adopted on September 4, 2025 by a BVI entity controlled by Yanjun Wang. Such pre-arranged plans are typically established in advance to systematize trading activity.